Valmont Industries, Inc. (NYSE:VMI) VP R Andrew Massey Sells 3,977 Shares

Valmont Industries, Inc. (NYSE:VMI) VP R Andrew Massey sold 3,977 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $315.00, for a total value of $1,252,755.00. Following the transaction, the vice president now owns 9,408 shares in the company, valued at approximately $2,963,520. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Valmont Industries Stock Down 1.8 %

Shares of Valmont Industries stock traded down $5.82 during trading on Tuesday, reaching $319.74. The company’s stock had a trading volume of 90,701 shares, compared to its average volume of 157,193. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 21.72 and a beta of 1.02. The company has a 50-day simple moving average of $289.02 and a two-hundred day simple moving average of $270.49. Valmont Industries, Inc. has a 1-year low of $189.05 and a 1-year high of $330.97.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating the consensus estimate of $4.00 by $0.11. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. Valmont Industries’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $4.12 EPS. As a group, equities analysts forecast that Valmont Industries, Inc. will post 16.84 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.75%. Valmont Industries’s payout ratio is 16.30%.

Analysts Set New Price Targets

VMI has been the topic of a number of research reports. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. DA Davidson increased their target price on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus raised their price objective on Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.

Institutional Trading of Valmont Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Earnest Partners LLC purchased a new position in shares of Valmont Industries in the second quarter worth about $91,878,000. Sei Investments Co. raised its position in Valmont Industries by 794.2% during the 2nd quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company’s stock worth $54,373,000 after buying an additional 175,961 shares during the last quarter. Bank of New York Mellon Corp raised its position in Valmont Industries by 39.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company’s stock worth $71,040,000 after buying an additional 73,084 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Valmont Industries by 69.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 161,605 shares of the industrial products company’s stock valued at $36,891,000 after acquiring an additional 65,970 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new stake in shares of Valmont Industries in the 1st quarter valued at $8,776,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

About Valmont Industries

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.